Thailand moves to strengthen ties with Russia, aiming to push for a free trade agreement for the economy
The Thai Ministry of Foreign Affairs has announced the results of the official visit to the Russian Federation by Mr. Sihasak Phuangketkeow, Vice Minister for Foreign Affairs. The primary purpose of this visit was to further strengthen the bilateral relations between the two countries.
The discussions focused mainly on promoting economic cooperation. Both sides exchanged perspectives to find ways to develop mutual trade and investment, aiming to create new opportunities for Thai entrepreneurs in the Russian market.
A key issue raised for discussion was the push for negotiations on a Free Trade Agreement (FTA) between Thailand and the Eurasian Economic Union (EAEU). If this agreement is successful, it will help reduce trade barriers and increase the competitiveness of Thai products in that region.
Furthermore, both sides discussed continuing cooperation at the leadership level to build confidence and lay the foundation for long-term collaboration, which is considered a significant step in elevating the relationship between Thailand and Russia to be more progressive and concrete.
In summary, this visit to Russia reflects Thailand's efforts to expand economic opportunities through international cooperation mechanisms, which will be beneficial for Thailand's future economic growth.